Saving Grace
1 주 전
1vman, You conveniently forgot to mention that NU Ride Inc. didn't exist until Symbol Change 03/14/2024 NRDE Symbol change from RIDEQ to NRDE.
Foxconn defaulted on the purchase of the plant and why Wiki lists NU Ride Inc. as the sole occupant and rightful owner.
NRDE NU Ride Inc. Sole occupant of Lordstown-Assembly
For the current plant on this site, see Lordstown Motors.
https://en.wikipedia.org/wiki/Lordstown_Assembly which redirects to NU Ride Inc. https://en.wikipedia.org/wiki/Nu_Ride_Inc.
According to Wikipedia NRDE NU Ride Inc. formerly RIDE Lordstown Motors is the sole and current owner of the Lordstown Assembly Plant
UK short selling Rothschild Hedge Funds are going up in smoke and down in history.
NU Ride Inc. lawsuit against Foxconn, Hon Hai Precision Industry Co., Ltd. NDA's coming off soon. Looks like NU Ride Inc has already retained the plant with a hefty multi billion dollar settlement fourth coming.
In June 2023, Lordstown Motors would end the production of the Endurance and sold the project in September 2023, following their dispute with partner Foxconn which remains in court.
Nu Ride Inc. Retains Susman Godfrey LLP as Litigation Counsel in Foxconn Matter
In case anybody is still paying attention, the attorney they hired is the one that represented Dominion in the Fox News case. He’s got to be expensive, but hopefully worth it.
https://www.reddit.com/r/lordstownmotors/comments/1dkbosc/nu_ride_inc_retains_susman_godfrey_llp_as/?rdt=35823
Barc354
2 주 전
You conveniently forgot to mention that the newest information on Wikepedia is from Oct 18,2023
"On September 27, 2023, in a bankruptcy filing, Lordstown agreed to sell assets related to the “design, production and sale of electric light duty vehicles” in the commercial fleet market to Delaware-based LAS Capital, whose majority equity holder is Lordstown founder and ex-CEO Steve Burns, for $10M.[35] On October 18, 2023, the sale was approved by the bankruptcy court, which also, after objections from the United States Justice Department, kept control of rights to pursue legal claims against Lordstown's directors with the court instead of following the new owners of the assets.[36] The sale includes all vehicles, machinery, books, records, information, files, and data and plans owned by Lordstown and the new owner will assume liability for all customer warranty, product liability, and recall obligations related to Lordstown Endurance trucks.[37]"
Quite a bit has happened since then.
Also continually using Wikipedia as a source destroys any credability you think you have. You may have even edited the Wiki as far as concerned to your advantage.
dss19552002
2 주 전
From Wikipedia for Nu Ride Inc.:
In October 2021, Lordstown Motors announced a US$230 million deal to sell the former GM plant to Foxconn Technology Group, which would become a contract assembler for the company's Endurance pickup truck. It was announced that Foxconn would also invest US$50 million in the company through a purchase of common stock
The sale was completed, you said so yourself. SMH.
Also, Wikipedia, while a good starting place for getting information, isn't the best final source for information. You can edit it to say what you want it to say, so I would find better sources, though Wikipedia is normally a good place to start and the references are often good and helpful.